Indicate how impairment of goodwill is recorded in the accounting records in the current year of Coronet Co. Explain how to calculate and record depreciation expense under the straight-line method. How to calculate depreciation using a double dec...
Describe the accounting rate of return method. When recording the disposal of a long-term operating asset, why is it necessary to debit the accumulated depreciation of the old asset? Compute Depreciation Using the Straight-Line and Declining-Balance Methods. Give an examp...
Explain why an increase in cash during a particular accounting period does not necessarily mean that an entity has made a profit. Explain why earning profit does not always result in a corresponding increase in cash balances. Does an increase in the profit margin ...
Adjusting entries are necessary for accrual accounting because revenue and expense must be recorded in the period they are earned and incurred, not when the cash receipt or payment occurs.Answer and Explanation: Supplies are small consumable items that businesses use on a day-to-day basis. It ...
BVPS will be – Example #2 - (SBI BANK) SBI is one of the leading lenders in India. Vivek, an equity analyst, wants to consider SBI in its portfolio. Suresh recently joined as an intern under Vivek and carried a passion for research. Vivek asks him to compute P/BVPS for SBI and th...
Negative Goodwill (NGW): Definition, Examples, And Accounting By: • Finance What Is Form 8888 IRS? By: • Finance Aa2 Definition By: • Finance Form 4506, Request For Copy Of Tax Return: Definition And Filing By: • Finance How Do You Get An Eviction Off Your Credit...
but may have a significant impact on the business’s cash flow. One-time expenses can include equipment purchases, renovations, legal fees, or unexpected maintenance costs. Accounting for these expenses in the cash flow forecast allows businesses to be prepared for any substantial financial outlays....
Rather than mechanical movement, electronic meters use sampling rates of voltage and current signals to compute energy consumption. The analog-to-digital conversion (ADC) process, combined with the meter’s internal software, determines the Kh value. The meter is typically calibrated at the factory,...
we have put together this guide to valuing an app business. This involves two main channels of understanding, which we will cover in this post: what goes into building and running an app and what factors are taken into consideration when it comes time to value the app for sale. The two ...
Hence, the main use of the minority interest is invaluationratios, such as the Enterprise-Value-To-Sales (EV/Sales), Enterprise Multiple (EV/EBITDA), etc. As we already know, the consolidation method of accounting for an investment in a subsidiary requires that 100% of the subsidiary’s sa...